Median price trend for houses
Based on 335 sales in the preceding 12 months
$1,220,000
Up 4.3% over 12 months
- 1 bed
- $1.02m
- 2 bed
- $992k
- 3 bed
- $1.2m
- 4 bed
- $1.4m
- 5+ bed
- $1.48m
Shopfronts and bus on a commercial street
The original uploader was Pjf at English Wikipedia . · CC BY-SA 3.0
The quick read on
Preston
VIC 3072 · Darebin
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,220,000
- Median unit
- $588,000
- Population
- 33,790
- Postcode
- 3072
latest suburb median
latest suburb median
ABS 2021
Preston, Victoria
Property market insights for Preston (Vic.)
Median sale price and rental income of properties in Preston (Vic.) VIC
Median rent trend for houses
Based on 337 rental listings in the preceding 12 months
$700 per week
Up 12.0% over 12 months
Market data updated October 2026.
The median house price in Preston (Vic.), VIC is currently $1,220,000, based on the latest 12 months of sales. Preston (Vic.) has a 12-month growth rate of 4.3% for houses and 5.0% for units.
One-bedroom houses have a median sale price of $1,020,000, Two-bedroom houses have a median sale price of $992,000, Three-bedroom houses have a median sale price of $1,200,000, Four-bedroom houses have a median sale price of $1,400,000, Larger houses have a median sale price of $1,480,000 in Preston (Vic.).
If you're looking to lease, the median rent for houses in Preston (Vic.) is $700 per week. The median house rent has increased 12.0% over the last 12 months.
The median price of apartments and units for sale in Preston (Vic.) is $588,000, which has increased 5.0% since the same time last year. One-bedroom apartments and units have a median sale price of $390,000, Two-bedroom apartments and units have a median sale price of $610,000, Three-bedroom apartments and units have a median sale price of $850,000, Four-bedroom apartments and units have a median sale price of $1,170,000 in Preston (Vic.). The median rent for units and apartments in Preston (Vic.) is $575 per week and has increased 9.5% over the last 12 months.
Crime and safety
Is Preston safe?
The overall rate for Preston is 8,715 offences per 100,000 residents — 118% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Preston.
Overall crime rate
8,715
offences per 100,000 residents
118% aboveGreater Melbourne
PrestonGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Preston?
Preston VIC 3072 is in Victoria, within Greater Melbourne.
33,790 people call Preston home, with an average of 2.4 people per household and a median household income of $1,844 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 33,790
- Median age
- 37 years
- Median mortgage
- $2,000 / month
- 2021 household rent
- $392 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1515.0%Below
15–3430.0%Above
35–5431.6%Above
55–7416.9%Below
75 and over6.6%In line
Homes
Share of occupied private dwellings.
Separate houses55.7%Below
Townhouses24.9%Above
Apartments18.3%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright27.9%Below
Paying a mortgage30.9%Below
Renting41.2%Above
Cars at home
Vehicles available to occupied households.
No car12.9%Above
One car47.9%Above
Two cars28.8%Below
Three or more10.3%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home35.4%Above
Drove to work35.7%Below
Train, tram or bus5.5%Above
Walked or cycled4.3%Above
What stands out in Preston
35.4% of workers in Preston worked from home on Census day — noticeably more common than across Greater Melbourne.
3.0% of Preston residents were born in China.
46.1% of people in Preston described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Preston
Open any question for a plain-English reading of the public 2021 Census for Preston VIC 3072.
Is Preston family-friendly?Age, family structure and household size describe the community families would be joining.
15.0% of Preston's residents were children under 15 in the 2021 Census. That is somewhat below the Greater Melbourne average.
8,624 family households lived in Preston; 42.3% were couple families and 15.8% were one-parent families.
35.4% of local families included children under 15. That is somewhat below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Preston?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Preston had 33,790 residents at the 2021 Census.
37.3% of residents were aged 25 to 44.
23.5% were 55 or older. That is close to the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Preston?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 55.7% of occupied private dwellings in Preston.
Townhouses and other attached homes represented 24.9% of occupied private dwellings.
Flats and apartments accounted for 18.3% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Preston?Tenure shows how many households own outright, have a mortgage or rent.
27.9% of households with a stated tenure owned their home outright. That is somewhat below the Greater Melbourne average.
30.9% were buying their home with a mortgage.
41.2% rented their home. That is well above the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Preston?Household-size data shows the mix behind the suburb-wide average.
The average household in Preston had 2.4 people.
One-person households made up 29.7% of occupied homes. That is somewhat above the Greater Melbourne average.
Two-person households represented 33.3%, while 20.5% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Preston?Census-day travel shows the balance between home, road, public transport and active travel.
35.4% of workers worked from home on Census day. That is well above the Greater Melbourne average.
35.7% drove a car as their only travel method. That is well below the Greater Melbourne average.
5.5% used only a train, tram or bus, while 4.3% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Preston?Vehicle availability helps describe the routines local households can support.
12.9% of occupied households had no motor vehicle available. That is somewhat above the Greater Melbourne average.
One-car households formed 47.9% of the total.
39.1% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Preston, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
56.5% were at the same address five years earlier, while 43.5% reported a different address.
32.4% of residents were born outside Australia. That is somewhat below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Preston?Language at home gives a direct view of the community’s everyday linguistic mix.
62.1% of residents used only English at home.
33.8% used a language other than English at home.
3.5% spoke Mandarin at home, 1.3% spoke Cantonese and 0.8% spoke Hindi.
Home language is separate from English proficiency.
Where were Preston residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
32.4% of Preston's population was born outside Australia, while roughly 67.6% was born in Australia.
3.0% of residents were born in China.
2.5% were born in India, while Australian citizenship across the whole suburb stood at 83.7%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Preston?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 24.0% of ancestry responses in Preston.
Australian ancestry made up 21.5% of responses.
Chinese ancestry represented 7.1% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Preston?Occupation describes a person’s role; industry describes the sector employing them.
33.7% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 13.8% of employed residents, while clerical and administrative workers made up 11.9%.
Health care and social assistance employed 14.4% of workers, and education and training employed 11.3%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Preston?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 67.4%, compared with 64.1% across Greater Melbourne.
37.4% of residents aged 15 and over worked full time, while 21.9% worked part time.
Unemployment was 5.5%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Preston show?Selected long-term health conditions help describe community service needs.
61.1% reported no selected long-term health condition.
11.6% reported a long-term mental health condition, including depression or anxiety.
8.7% reported asthma, 6.9% arthritis and 4.3% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Preston?Qualifications describe the study pathways represented among local residents.
37.3% of people in the qualifications table held a bachelor degree. That is somewhat above the Greater Melbourne average.
Postgraduate degrees accounted for 15.2% of qualification responses.
Diploma-level qualifications represented 14.2%, while certificate-level qualifications represented 17.6%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Preston?Census income and household payments give historical context for local living costs.
Median household income was $1,844 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,000.
Occupied renting households reported a median rent of $392 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Preston compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 35.4% in Preston, compared with 28.8% across Greater Melbourne.
Outright ownership was 27.9% locally and 30.7% across Greater Melbourne. That is somewhat below the Greater Melbourne average.
Renting accounted for 41.2% in Preston, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Preston (Vic.)
Is Preston (Vic.) expensive?
The median house price is $1,220,000, while units and apartments sit at $588,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Preston (Vic.) good for families?
The Census counted 8,624 local families, and 15.0% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Preston (Vic.)?
Larger houses have a median around $1,480,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Preston (Vic.)
342 streets in Preston (Vic.)
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Adams St
- Ada St
- Adeline St
- Albert St
- Alfred St
- Ambon St
- Arnold St
- Arthur St
- Ascot St
- Ash St
- Asling St
- Austin St
- Austral Ave
- Avondale Rd
- Bailey Ave
- Banksia Walk
- Banool St
- Bartlett St
Show all 342 streetsShow fewer streets
- Bayliss St
- Beatrice St
- Beauchamp St
- Beaufort St
- Beecher St
- Belgrove St
- Bellarine St
- Bellevue Cr
- Bell St
- Belmont St
- Benambra St
- Bingo St
- Birch St
- Birchwood Dr
- Bischoff St
- Blanch St
- Bond St
- Booth St
- Bowden St
- Bradford Ave
- Bransgrove St
- Breen St
- Breffna St
- Brighton Ave
- Brown St
- Bruce St
- Bruthen St
- Brynor Ct
- Burgess St
- Burkitt Ct
- Butler St
- Calbourne St
- Cambrian Ave
- Carey Gr
- Carlisle St
- Caroline Ct
- Carthew Gr
- Casuarina Way
- Central Ave
- Charles St
- Chifley Dr
- Clara St
- Clifton Gr
- Clinch Ave
- Collier St
- Collins St
- Combie St
- Concord St
- Cook St
- Cooma St
- Cooper St
- Cope Street
- Cormac St
- Cowper St
- Cramer St
- Crevelli St
- Cumberland Ct
- Currawong Street
- Cynga St
- Dalgety St
- David St
- Davies St
- Davis St
- Dean St
- Dermot St
- Devon St
- Diamond St
- Donald St
- Donovan St
- Dudley St
- Dundas St
- Dunstan St
- Eastwood Ave
- Edith St
- Edwin St
- Eggleton Ct
- Eleanor St
- Elizabeth St
- Ellison St
- Elm St
- Emerald St
- Emery St
- Empire St
- Enfield Ave
- Eric St
- Erin St
- Erval Ave
- Esmond St
- Esther St
- Etnam St
- Eton St
- Evelyn Street
- Fettling St
- Fink St
- First Ct
- Fitzroy St
- Flett St
- Foley Ave
- Ford St
- Furzer Street
- Garnet St
- George St
- Gertrude St
- Gilbert Rd
- Gillingham St
- Goldsmith Ave
- Goodwin St
- Gordon Gr
- Goulburn Valley Highway
- Gower St
- Graham Ct
- Grampian St
- Grandview Rd
- Grange St
- Gray St
- Greenbelt Ave
- Gregory Gr
- Halwyn Cr
- Hannah St
- Hardy St
- Harold St
- Harrow St
- Hawker Ave
- Hawking St
- Hay St
- Hemburrow St
- Herbert St
- High St
- Highview Road
- Hill Gr
- Hodson St
- Holly St
- Hope St
- Hotham St
- Hubert St
- Hurlstone Ave
- Inverloch St
- Irene St
- Isaacs St
- Ivy St
- Jacka St
- Jackman St
- James St
- Jensen Rd
- Jessie St
- Josephine Gr
- Junction St
- Kalimna St
- Kallista Ct
- Kane St
- Kathleen St
- Kelley Gr
- Kelvin Gr
- Kendall St
- Kenneth St
- Kenwood Ct
- Kerr St
- Kia Ct
- Kimber St
- Kitchener Gr
- Knapp St
- Laha Cr
- Lahinch St
- Larne Gr
- Latona Ave
- Laurel St
- Leicester St
- Leonard St
- Leopold St
- Little Ruby St
- Little Wurruk Ln
- Livingstone Pde
- Lovelace St
- Lunette Ave
- Lyonsville Ave
- Madeline St
- Malcolm St
- Malpas St
- Margaret Gr
- Margtmary Ave
- Marjorie St
- Martin St
- Mary St
- Matlock St
- Maynard St
- May St
- Mccoll St
- Mcdonald St
- Mcgowan Ave
- Mclennan Pl
- Mcnamara St
- Mihil St
- Miller St
- Milton Cr
- Mitchell St
- Montague St
- Morgan St
- Mornane St
- Mount St
- Mt Pleasant Rd
- Murphy Gr
- Murphy St
- Murray Rd
- Mutimer St
- Myrtle Gr
- Neale St
- Newcastle St
- Newman St
- Nichol St
- Nightingale Walk
- North St
- Nugent St
- Oakover Road
- Oak St
- Okeefe St
- Olver St
- Opal St
- Orient Gr
- Orrvale Road
- Osborne Gr
- Ovando St
- Park Ave
- Parker St
- Parkside
- Patterson St
- Paywit St
- Pender St
- Penola St
- Percival St
- Phelan St
- Pleasant View Dr
- Plenty Rd
- Power St
- Preston St
- Quinn St
- Raglan St
- Railton Gr
- Railway Pl
- Railway Place West
- Railway Pl East
- Raymond St
- Rayner Ct
- Regent St
- Reidford Ave
- Rene St
- Rennick St
- Reserve St
- Rex St
- Rita St
- Robertson St
- Robeson St
- Roseberry Ave
- Rowan St
- Roxburgh St
- Ruby St
- Russell St
- Ryde St
- Sapphire St
- Scotia St
- Second Ct
- Selby St
- Seymour St
- Shakespeare Ave
- Sheffield St
- Sheila St
- Showers St
- Sinnott St
- South St
- Spark Gr
- Spencer St
- Spring St
- Stafford St
- Stanworth Ct
- Station St
- St Duthus St
- Stephen St
- Stepney St
- St Georges Rd
- Stokes St
- Stone St
- Stott St
- Sullivan St
- Sussex St
- Swallow St
- Swanston St
- Swift St
- Sylvester Gr
- Symons St
- Tasman St
- Taunton Ave
- Tennyson Ave
- The Centreway
- The Mews
- The Strand
- Thomas St
- Tiernan St
- Tintern Ave
- Toolangi Gr
- Townhall Ave
- Tyler St
- Tynan St
- Union Street
- Ventnor St
- Victoria St
- Walker Ave
- Wallace St
- Walsh St
- Walter St
- Walton Ave
- Ward St
- Warrs Ave
- Water Rd
- Watson St
- West St
- Wilcox St
- William St
- Willow St
- Winifred St
- Wood St
- Wurruk Ave
- Wymbir Ave
- Yann St
- Youngman St
- Young St
12 suburbs surrounding Preston (Vic.)
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Preston (Vic.) right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.